FMDE Fees and Costs — Fidelity Enhanced Mid Cap Core ETF
Data updated: 2026-09-11
The net expense ratio is 0.23%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.3M in broker commissions, 0.0265% of average net assets, and portfolio turnover was 70%.
FMDE Fees and Expenses
Annual operating expenses and sales charges of FMDE. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.23% |
| Fee waiver | — |
| Net expense ratio | 0.23% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FMDE Costs Over Time
On $10,000 invested in FMDE, assuming 5% a year before costs, total costs come to $163 over 5 years, cutting the return by 0.27% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $89 | $163 |
| Value after costs | $10,473 | $11,487 | $12,600 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
FMDE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0265%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $45.8M
- Portfolio turnover (prospectus): 70%
- Securities on loan, average value: $73.2M
- Net income from securities lending: $93K (0.002% of average net assets)
FMDE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $426K | 36.60% |
| BANK OF AMERICA CORPORATION | $216K | 18.53% |
| UBS GROUP AG | $142K | 12.20% |
| MORGAN STANLEY | $107K | 9.23% |
| JPMORGAN CHASE and CO | $84K | 7.22% |
| BARCLAYS PLC | $83K | 7.13% |
| CITIGROUP INC | $62K | 5.32% |
| VIRTU FINANCIAL INC | $18K | 1.52% |
| JEFFERIES FINANCIAL GROUP INC | $17K | 1.46% |
| WELLS FARGO and CO | $9K | 0.78% |
FMDE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA HOLDINGS INC | $25.4M | 55.37% |
| WELLS FARGO and CO | $10.8M | 23.51% |
| BANK OF MONTREAL QUE | $9.2M | 20.09% |
| BARCLAYS PLC | $476K | 1.04% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.